ETH: Vietnam officially opens crypto market licensing process 🚀

The SSC has launched the application window, following Ministry of Finance Decision No. 96. Banks like SSI, VIX and major lenders are preparing to apply. Rules include 10 trillion dong capital, 65% institutional ownership and a 49% foreign cap. 🛸🚀

Vietnam is taking steps towards a regulated crypto market with this formal licensing move. The next phase will bring in actual exchanges once they receive regulatory approval. Stay tuned! 👀🌍

Which direction do you see Vietnam's crypto market heading? Agree or disagree on the restrictions? Let’s discuss! 💬 #ETH #ERC8004